Pipeline Presshttp://www.mortgagenewsdaily.com/channels/pipelinepress/default.aspxPipeline Press - Rob ChrismanenCommunityServer 2008 SP2 (Build: 31106.96)Update from MBA Tech Conference; What Percentage of Lenders is Testing TRID?http://www.mortgagenewsdaily.com/channels/pipelinepress/03312015-trid-citi-mortgage.aspxTue, 31 Mar 2015 14:57:50 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:449162Rob Chrisman0http://www.mortgagenewsdaily.com/channels/pipelinepress/rsscomments.aspx?PostID=449162http://www.mortgagenewsdaily.com/channels/pipelinepress/03312015-trid-citi-mortgage.aspx#comments<p>Amelia
Earhart was quoted as saying, "Never interrupt someone doing something
you said couldn't be done." Few thought that the refi boom could have
lasted this long, yet it is still alive. Sure refis are bound to taper
off - that is a safe bet. But mortgage refinance share rose further in February according to Ellie Mae Origination Insight Report,
jumping 8 percent to 59 percent of lenders' loan volume, compared to 41
percent of purchase loans, down from 48 percent a month earlier.
Conventional loans dominated the market at 69 percent in February,
compared to 19% for FHA loans and 9% for VA loans. The average interest
rate for a 30-year fixed rate mortgage fell from 4.154 percent to 4.008
percent, the lowest level in two years and the average interest rate for
30-year fixed FHA loans fell below 4% for the first time since June
2013. Click <a href="https://www.elliemae.com/origination-insight-reports/Ellie_Mae_OIR_FEBRUARY2015.pdf">here</a> to read more about the monthly findings in Ellie Mae's Origination Insight Report.</p>
<p>&nbsp;</p>...(<a href="http://www.mortgagenewsdaily.com/channels/pipelinepress/03312015-trid-citi-mortgage.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href="http://www.mortgagenewsdaily.com/channels/449162/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=449162" width="1" height="1">TRID testingPrimer on Servicing's CPR Calculation; MBA Speaks Outhttp://www.mortgagenewsdaily.com/channels/pipelinepress/03302015-servicing-valuations.aspxMon, 30 Mar 2015 13:38:05 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:448599Rob Chrisman0http://www.mortgagenewsdaily.com/channels/pipelinepress/rsscomments.aspx?PostID=448599http://www.mortgagenewsdaily.com/channels/pipelinepress/03302015-servicing-valuations.aspx#comments<p>In
like a lion, out like a lamb? Usually folks say that about March's
weather, not the economy. But economic data so far in the first quarter
have pointed to an economy <b>more like a lamb</b> than a lion. There are a
number of factors likely weighing on U.S. growth this quarter - like the
weather, slow economies overseas, and a strong dollar hurting the
export picture. But speaking of calendars, we end this week on Good
Friday but we have about 88 business days until August 1. Warn those Realtors who only do a deal or two a year about what is going to change. Tick tock...</p>
<p>More than six years after <b>Lehman Brothers Holdings</b>
collapsed creditors will receive $7.6 billion. Lehman said its general
unsecured creditors will have received nearly $100 billion after the
distribution this week, more than <a href="http://www.wsj.com/articles/lehman-to-pay-out-additional-7-6-billion-to-creditors-1427390417">32 cents on the dollar</a>.
In 2012, creditors were expected to get less than 20 cents on the
dollar. The bulk of the latest payout, some $6.3 billion, is earmarked
for third-party claimants, which include Lehman affiliates that are
being wound down separately from the New York-based holding company.</p>
<p>&nbsp;</p>...(<a href="http://www.mortgagenewsdaily.com/channels/pipelinepress/03302015-servicing-valuations.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href="http://www.mortgagenewsdaily.com/channels/448599/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=448599" width="1" height="1">CPR definitionServicing valuationsMore Agency Updates; Why Bank M&A is Expected to Continue in 2015http://www.mortgagenewsdaily.com/channels/pipelinepress/03272015-bank-mergers.aspxFri, 27 Mar 2015 14:35:50 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:447221Rob Chrisman0http://www.mortgagenewsdaily.com/channels/pipelinepress/rsscomments.aspx?PostID=447221http://www.mortgagenewsdaily.com/channels/pipelinepress/03272015-bank-mergers.aspx#comments<p>I
love it when I receive an e-mail warning me, "You've had unusual and
suspicious activity on your American Express Card." I don't have an
American Express Card. Think your IT's security is up to speed? Think
again - this e-mail got through, didn't it? Seriously, thanks to Len
Tichy who sent along <a href="http://www.pwc.com/gx/en/consulting-services/information-security-survey/industry/financial-services.jhtml">this recent analysis</a> of the <b>current state of IT security issues</b>.</p>
<p><b>Mergers
and acquisitions</b> in banking and mortgage banking will continue in 2015 -
there is no doubt about it. Before discussing deals in the last week,
let's gather some historical perspective. In
2014, the 301 depository bank deals represented a slight uptick from
the previous year. The deals completed represented a total value of
$18.6 billion (versus 247 deals completed in 2013 for $14.5 billion).
Though a handful of multi-billion dollar deals fell into the mix in 2014
as has been the case over the past few years, the majority of M&amp;A
activity occurred between community banks, and primarily those on the
smaller side. In fact, only 5 of the 301 deals last year were valued
above $500mm. </p>
<p>&nbsp;</p>...(<a href="http://www.mortgagenewsdaily.com/channels/pipelinepress/03272015-bank-mergers.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href="http://www.mortgagenewsdaily.com/channels/447221/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=447221" width="1" height="1">bank merger and acquisitionsFreddie newsAgency Changes; Self-Employed Borrowers; Wells Layoffs; Training and Eventshttp://www.mortgagenewsdaily.com/channels/pipelinepress/03262015-self-employed-borrowers.aspxThu, 26 Mar 2015 14:20:07 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:446566Rob Chrisman0http://www.mortgagenewsdaily.com/channels/pipelinepress/rsscomments.aspx?PostID=446566http://www.mortgagenewsdaily.com/channels/pipelinepress/03262015-self-employed-borrowers.aspx#comments<p>Fannie announced <a href="https://www.fanniemae.com/content/announcement/ntce032415.pdf">some important news</a> to any changes in the way self-employed income is considered. Sure enough, the folks on Wisconsin Avenue (soon to be 15<sup>th</sup> St.) issued a Notice that clarified its recently-updated <b>Self Employed Income Policy. </b>As a reminder, last December Fannie Mae issued Selling Guide Announcement <a href="https://www.fanniemae.com/content/announcement/sel1416.pdf">SEL-2014-16</a>,
listing a number of topics that were updated in the Selling Guide,
including Self Employed Income.&nbsp; The updates were originally to take
effect April 1, 2015.&nbsp;In the Guide Fannie announced a number of changes
and clarifications to the policy that pertained to underwriting
self-employed borrowers. In addition, the Cash Flow Analysis (Form 1084)
was also updated to reflect the policy updates and align with IRS tax
forms and terminology.</p>
<p>&nbsp;</p>...(<a href="http://www.mortgagenewsdaily.com/channels/pipelinepress/03262015-self-employed-borrowers.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href="http://www.mortgagenewsdaily.com/channels/446566/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=446566" width="1" height="1">rent levelsSelf-Employed borrowers Ocwen's Slide Update; Investor and Agency Updates Including Freddie's 97% Programhttp://www.mortgagenewsdaily.com/channels/pipelinepress/03252015-mba-applications.aspxWed, 25 Mar 2015 14:02:55 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:446094Rob Chrisman0http://www.mortgagenewsdaily.com/channels/pipelinepress/rsscomments.aspx?PostID=446094http://www.mortgagenewsdaily.com/channels/pipelinepress/03252015-mba-applications.aspx#comments<p>Don't
think the gap between the haves and have-nots is widening? USA Today
reports the world's richest 1% of people control over 50% of total
global wealth. At the other end of the scale, here in the States
research by Epiq Systems Inc. finds the top 5 states with the highest
bankruptcy filing rates per 1,000 people in order are TN (5.17), AL
(4.83), GA (4.66), IL (4.22) and MS (3.69) versus the national average
of 2.39.<b></b></p>
<p><b>When it rains it pours for Ocwen</b>.
Amy Swinderman reports that the mortgage company is out of compliance
with stock exchange listing rules, and that the "Embattled Ocwen spinoff
has twice missed deadline on financial reports with SEC. Mortgage
servicer Home Loan Servicing Solutions, a spinoff of Ocwen Financial
Corp., has fallen out of compliance with NASDAQ's rules for continued
listing on the stock exchange after twice delaying the filing of its
2014 annual report with the U.S. Securities and Exchange Commission.
Nasdaq Listing Rule 5250(c)(1) requires timely filing of all required
periodic financial reports with the SEC, but HLSS has delayed filing
twice, saying it needs more time to prepare its Form 10-K filing
"related to its ability to operate as a going concern and to provide
such information to the auditors for the purposes of their audit of the
company's financial statements." HLSS has until May 18 to submit a plan
to regain compliance. The company said it will either file its Form 10-K
or submit a compliance plan to NASDAQ by that date. If NASDAQ accepts
HLSS' plan, it may give the company an additional 180 days from the Form
10-K's due date, or until Sept. 14, to regain compliance. But if NASDAQ
rejects the plan, HLSS has the opportunity to appeal that decision to
NASDAQ's Hearings Panel."</p>
<p>&nbsp;</p>
<p>&nbsp;</p>...(<a href="http://www.mortgagenewsdaily.com/channels/pipelinepress/03252015-mba-applications.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href="http://www.mortgagenewsdaily.com/channels/446094/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=446094" width="1" height="1">MBA application indexFreddie 97% LTV programServicing/Processing Cost Per Loan Continues to Increase With Little End in Sighthttp://www.mortgagenewsdaily.com/channels/pipelinepress/03242015-cpi-cost-per-loan.aspxTue, 24 Mar 2015 15:11:23 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:445496Rob Chrisman1http://www.mortgagenewsdaily.com/channels/pipelinepress/rsscomments.aspx?PostID=445496http://www.mortgagenewsdaily.com/channels/pipelinepress/03242015-cpi-cost-per-loan.aspx#comments<p>Thank you to Carol Kimball who sent along this site of "<a href="http://terriblerealestateagentphotos.com/">inexplicably terrible real estate photos</a>." My guess is that every underwriter has seen their share of them.</p>
<p>I
asked my cat Myrtle if she thought that the cost of producing a loan
has gone up. She gave me a look that reinforced my opinion that she
couldn't care less. But plenty of lenders want numbers, and although
regulators rarely consider the costs of regulations to an industry or
the consumer, they should be aware of them. After all is said and done,
the costs are passed on to borrowers, of course. For example, KBW's
research team in a recent piece points out that Stonegate Mortgage's <b>net cost to originate</b> a loan and retain the MSR is <b>100 basis points. </b>(This
"net cost to originate" is revenue minus expenses, and does not include
the mortgage servicing rights, and results in creating an asset worth
125 basis points. Stonegate hopes to increase this 25 basis point spread
by driving down the net cost to originate to 80 basis points in 2015.
Per the piece, Stonegate is continuing to focus on growing the
percentage of its volume that comes from the retail and wholesale
platforms where margins are greater.)</p>
<p>&nbsp;</p>...(<a href="http://www.mortgagenewsdaily.com/channels/pipelinepress/03242015-cpi-cost-per-loan.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href="http://www.mortgagenewsdaily.com/channels/445496/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=445496" width="1" height="1">CPICost per loanCFPB and Government Updates; March Madness or Lock Lunacy? April, May Should be Solid!http://www.mortgagenewsdaily.com/channels/pipelinepress/03232015-rate-lock-volumes.aspxMon, 23 Mar 2015 15:02:42 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:445256Rob Chrisman0http://www.mortgagenewsdaily.com/channels/pipelinepress/rsscomments.aspx?PostID=445256http://www.mortgagenewsdaily.com/channels/pipelinepress/03232015-rate-lock-volumes.aspx#comments<p>Today
I head off to Austin, Texas for four days of MBA STRATMOR Peer Group
Program meetings - a great opportunity to sit in a room with the MBA,
STRATMOR execs, and CEOs &amp; CFOs of dozens of lenders and compare
thoughts on the industry and how to improve operations &amp; production.
Ahead of the trip I looked at my credit card balance - it would be
embarrassing to max it out - and I owe about $1,500 - manageable. I
can't fathom $1.5 billion or $1.5 trillion, and according to the
Mortgage Bankers Association <a href="http://www.worldpropertyjournal.com/real-estate-news/united-states/mortgage-bankers-association-total-commercial-debt-outstanding-multifamily-mortgage-debt-outstanding-commercial-mortgage-backed-securities-cmbs-collateralized-debt-obligations-cdo-8939.php">total commercial and multifamily debt outstanding in the U.S</a>. stood at $2.64 trillion
in the fourth quarter of 2014, an increase of $49 billion, or 1.9
percent, over the third quarter of 2014. Looks like some borrowers are
taking things to "the next level."</p>
<p>&nbsp;</p>...(<a href="http://www.mortgagenewsdaily.com/channels/pipelinepress/03232015-rate-lock-volumes.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href="http://www.mortgagenewsdaily.com/channels/445256/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=445256" width="1" height="1">CFPBrate lock volumesLender Updates; TRID Progress Survey; So You Want to Staff a Correspondent Division?http://www.mortgagenewsdaily.com/channels/pipelinepress/03202015-trid-survey-new-bank.aspxFri, 20 Mar 2015 14:49:42 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:443984Rob Chrisman0http://www.mortgagenewsdaily.com/channels/pipelinepress/rsscomments.aspx?PostID=443984http://www.mortgagenewsdaily.com/channels/pipelinepress/03202015-trid-survey-new-bank.aspx#comments<p>Pro
Teck Valuation Services' Home Value Forecast (HVF) examined the impact
of lower oil prices on home values. Perhaps to no one's surprise, the
HVF suggested that areas with a diverse economic market and don't solely depend on oil experienced stable home prices.&nbsp;The
HVF evaluated Houston's home prices compared to crude oil prices within
the last forty years and found that Houston's home prices have been
slightly increasing due to the diversity of the industry (with the
exception of the 1980s). <a href="http://www.proteckservices.com/Lower-Oil-Prices-Impact-on-Home-Values-Home-Value-Forecast">The survey</a>
also identified the ten best and the ten worst performing metros ranked
by the survey's market condition ranking model. San Antonio, Houston
and Denver joined Washington State and California areas as top
performing metros according to real estate market indicators including,
sales/listing activity and prices, months of remaining inventory, days
on the market, sold-to-list price ratio, foreclosure percentage and REO
activity.</p>
<p>&nbsp;</p>...(<a href="http://www.mortgagenewsdaily.com/channels/pipelinepress/03202015-trid-survey-new-bank.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href="http://www.mortgagenewsdaily.com/channels/443984/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=443984" width="1" height="1">Correspondent LendingDe Novo banksTRID surveyTracking TRID Training; Ocwen Sells More Assets; HUD's New Handbook; Why Mortgages Moved Yesterdayhttp://www.mortgagenewsdaily.com/channels/pipelinepress/03192015-trid-training-appraisal-news.aspxThu, 19 Mar 2015 14:48:15 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:443313Rob Chrisman0http://www.mortgagenewsdaily.com/channels/pipelinepress/rsscomments.aspx?PostID=443313http://www.mortgagenewsdaily.com/channels/pipelinepress/03192015-trid-training-appraisal-news.aspx#comments<p>"Rob,
with the Fannie price changes Tuesday, does the securities market still
charge a <b>premium for high balance conforming?</b>" Yes it does - pools that
have more than 10% of high balance (HB) conforming loans in them face a
price hit of up to 2 points, depending on the HB concentration of that
pool. And there are plenty of rumors out there of a major lender that mispriced its high balance conforming loans
- perhaps only charging .250 - much to the delight of correspondent
clients directing all their production to that lender. Wouldn't that be a
rude awakening: collecting .250 but facing a hit of 2.00 on pool made
up of 100% high balance? If a lender delivers less high balance
percentage, then they go down from there.&nbsp;But even if you're delivering
35% or less, it still runs about .75% to 1.35% for conforming, depending
on the coupon. </p>
<p>&nbsp;</p>...(<a href="http://www.mortgagenewsdaily.com/channels/pipelinepress/03192015-trid-training-appraisal-news.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href="http://www.mortgagenewsdaily.com/channels/443313/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=443313" width="1" height="1">appraisal newsYellenTRID trainingChanges in Fannie/Freddie Pricing and Programs; How Much Does 3.75 mln sq. ft. of Office Cost?http://www.mortgagenewsdaily.com/channels/pipelinepress/03182015-llpa-sears-tower.aspxWed, 18 Mar 2015 14:40:28 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:442866Rob Chrisman0http://www.mortgagenewsdaily.com/channels/pipelinepress/rsscomments.aspx?PostID=442866http://www.mortgagenewsdaily.com/channels/pipelinepress/03182015-llpa-sears-tower.aspx#comments<p>What is the Willis Tower? I don't know, but <b>the $1.3 billion Sears Tower</b>, complete with a $775 million loan, was sold to Blackstone.
The WSJ reports that the property backs a $775 million loan of which
several pieces were securitized in commercial mortgage-backed
securities. The building has more than 3.75 million square feet of office space
and is the second tallest office building in the United States, after
One World Trade Center in downtown Manhattan. The property faced large
tenant leasing and capital costs in the first quarter of 2014.
Subsequently, the loan was transferred into special servicing after the
borrower expressed concern about the capital required to keep the
property fully funded. The loan could be defeased and a special
servicing workout fee likely when the loan pays off. Currently with two
years to maturity (20 months till open) and a 6.27% coupon, it is
unclear whether Blackstone will assume the loan or defease it.
</p>
<p>Hey, who is <b>more likely to go into foreclosure</b>, a conforming conventional borrower or <a href="http://www.wsj.com/articles/bigger-mortgages-likelier-to-go-into-foreclosure-1425571814">a jumbo borrower</a>?</p>
<p>&nbsp;</p>...(<a href="http://www.mortgagenewsdaily.com/channels/pipelinepress/03182015-llpa-sears-tower.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href="http://www.mortgagenewsdaily.com/channels/442866/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=442866" width="1" height="1">Sears TowerLLPA changesNew Products, Lender and Investor Updateshttp://www.mortgagenewsdaily.com/channels/pipelinepress/03172015-irish-videos-new-mortgages.aspxTue, 17 Mar 2015 14:26:54 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:442349Rob Chrisman0http://www.mortgagenewsdaily.com/channels/pipelinepress/rsscomments.aspx?PostID=442349http://www.mortgagenewsdaily.com/channels/pipelinepress/03172015-irish-videos-new-mortgages.aspx#comments<p>Happy
St. Patrick's Day! Irish or not, many celebrated last Saturday instead
of tonight, although in honor of today Hal M. writes, "The Irish
invented bagpipes...but Scotland didn't get the joke!"</p>
<p>Let's play some catch up on some random new products and guideline changes to obtain a sense of the trends out there...
</p>
<p><b>Mountain West Financial</b> posted a new bulletin including Multiple UW Guideline Additions and Changes. To view this bulletin,<b> </b><b>click here.</b></p>
<p><b>NYCB Mortgage</b>
is recommending ordering IRS Transcripts earlier in the loan process
via Gemstone using the most accurate and legible data possible to avoid
additional rejections or delays. If your borrower filed tax return
electronically, it takes about 3 weeks before a transcript becomes
available. If your borrower mailed the tax return, it takes about 6
weeks. If the borrower didn't pay all the tax owed, transcript may not
be available until mid-May, or a week after the paid in the full amount
was received. Refer to <a target="_blank" href="http://pull.xmr3.com/p/1599-BFC6/51510099/clickto2_duals-Transcript-Availability.html">Transcript Availability</a> for more information.</p>
<p>&nbsp;</p>...(<a href="http://www.mortgagenewsdaily.com/channels/pipelinepress/03172015-irish-videos-new-mortgages.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href="http://www.mortgagenewsdaily.com/channels/442349/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=442349" width="1" height="1">New mortgage productsOrganizations Speak Out on Current Issues; State-Level News from NY, TX, WI, and MThttp://www.mortgagenewsdaily.com/channels/pipelinepress/03162015-wisconsin-mortgage-news.aspxMon, 16 Mar 2015 13:44:59 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:441948Rob Chrisman0http://www.mortgagenewsdaily.com/channels/pipelinepress/rsscomments.aspx?PostID=441948http://www.mortgagenewsdaily.com/channels/pipelinepress/03162015-wisconsin-mortgage-news.aspx#comments<p>Practically
everyone has been involved in failed business ventures. Some go away
entirely, but some try to bounce back. Anyone who has ever flown
anywhere (like me: Nashville and San Jose last week, Sacramento and
Denver this week) expects there to be a dogged-ear copy of <b>SkyMall</b> in
the pouch in front of them. SkyMall declared Chapter 11 bankruptcy - but
now is flying again (get it?) which provides <a href="https://www.linkedin.com/pulse/skymall-refueling-takeoff-scott-jordan">an interesting quick case</a> study in adapting an old business model to new times. Certainly lenders know a thing or two about that.</p>
<p>Several groups &amp; individuals have recently stated positions and lobbying efforts on various mortgage issues.</p>
<p>&nbsp;</p>...(<a href="http://www.mortgagenewsdaily.com/channels/pipelinepress/03162015-wisconsin-mortgage-news.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href="http://www.mortgagenewsdaily.com/channels/441948/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=441948" width="1" height="1">Texas mortgage newsWisconsin mortgage newsTrends and Statistics Regarding Millennial Potential Housing Market Impacthttp://www.mortgagenewsdaily.com/channels/pipelinepress/03132015-millennials.aspxFri, 13 Mar 2015 14:51:12 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:441202Rob Chrisman0http://www.mortgagenewsdaily.com/channels/pipelinepress/rsscomments.aspx?PostID=441202http://www.mortgagenewsdaily.com/channels/pipelinepress/03132015-millennials.aspx#comments<p>Last
month I had the privilege of spending some time at the Florida Ellie
Mae Encompass event with CEO Jonathan Corr. I was reminded that he had
coined the term "<a href="https://www.questia.com/magazine/1G1-353826330/ellie-mae-prepares-lenders-for-2014">human spackle</a>"
in terms of lenders who seem to throw ("spackle") employees at a
problem or temporary situation, sometimes with decent results but often
with results that indeed look like they were patched. There are better
ways!</p>
<p>Well,
all those Millennials are a few weeks older than when the commentary
last discussed them. I don't have any trophies to hand them, but <b>
Realtors and lenders sure hope they pair up</b>, form households, and "bear
fruit." And I even have a joke about them down below. They are certainly
the most talked about group in quite some time, and in fact I regularly
receive e-mails suggesting they don't need more attention. But I
collected some recent news about them, with some of the information even
conflicting...</p>
<p>&nbsp;</p>...(<a href="http://www.mortgagenewsdaily.com/channels/pipelinepress/03132015-millennials.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href="http://www.mortgagenewsdaily.com/channels/441202/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=441202" width="1" height="1">Millennials and housingUpcoming Training and Events; Merger/Acquisitions Update; MBA Weighs in on Lawsuit http://www.mortgagenewsdaily.com/channels/pipelinepress/03122015-mortgage-news.aspxThu, 12 Mar 2015 14:43:59 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:440647Rob Chrisman0http://www.mortgagenewsdaily.com/channels/pipelinepress/rsscomments.aspx?PostID=440647http://www.mortgagenewsdaily.com/channels/pipelinepress/03122015-mortgage-news.aspx#comments<p>Charles Dickens walks into a bar and asks for a martini. The bartender asks, "Olive or twist?"
Some things have a clever twist, others not so much - and it is
becoming increasingly hard to argue that values are not improving. Kroll
Bond Rating Agency published a new research report titled "U.S. Real
Estate Prices Show Signs of Rising Again." Highlights of the report
include single family home prices in most areas in the U.S. have started
to rise again based on November indices and the 12 month projection
published by Weiss Residential Research. The correlation between rates,
new mortgage applications and prepayments has fragmented. The<b>
low interest rate environment</b> has increased home prices and prompted
sales of mortgages into the agency market but it's not increasing
lending. And attitudes about the US economy are finally turning around, according to the&nbsp;<a href="http://www.fanniemae.com/resources/file/research/housingsurvey/pdf/nhs-monthly-data-030915.pdf">Fannie Mae National Housing Survey</a>. More people think the economy is doing better, and that consumers sense that mortgages are becoming easier to obtain. Huh?</p>
<p>&nbsp;</p>...(<a href="http://www.mortgagenewsdaily.com/channels/pipelinepress/03122015-mortgage-news.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href="http://www.mortgagenewsdaily.com/channels/440647/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=440647" width="1" height="1">LO trainingMBA lawsuitLots of Vendor Updates; Rates Heading Back to Last Week's Levelshttp://www.mortgagenewsdaily.com/channels/pipelinepress/03112015-mortgage-vendor-news.aspxWed, 11 Mar 2015 14:50:58 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:440109Rob Chrisman0http://www.mortgagenewsdaily.com/channels/pipelinepress/rsscomments.aspx?PostID=440109http://www.mortgagenewsdaily.com/channels/pipelinepress/03112015-mortgage-vendor-news.aspx#comments<p>"Most mortgage bankers know that if they're attacked by a mob of clowns to go for the juggler."
And most mortgage bankers know whether or not the communities in which
they lend are expensive or not. In late February yet another <a href="https://trove.com/a/The-15-most-expensive-places-to-live-in-America.sS31z?chid=68252&amp;utm_source=webapp&amp;utm_medium=fbshare">list of the most expensive places</a> to live in the U.S. came out - heck,<b> San Francisco barely made it.</b> Builders are attracted to expensive places, and Zelman
and Associates published its January Homebuilding Survey, indicating
that 2015 is off to a strong start. Order growth increased 32% year over
year, bumping 2015 first quarter order growth to 21%. The homebuilding
survey increased to 60.5 from 58.4 in December, reaching its highest
level since June of 2014. Traffic metrics have shown the strongest
improvement in three years, and improved year over year surpassing
builder expectations. About 45% of respondents said they reported better
than expected traffic in January, and website traffic was up 19% year
over year. Prices have also increased 4% YoY and a 4.3% increase is
expected over the next year.</p>
<p>&nbsp;</p>...(<a href="http://www.mortgagenewsdaily.com/channels/pipelinepress/03112015-mortgage-vendor-news.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href="http://www.mortgagenewsdaily.com/channels/440109/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=440109" width="1" height="1">Mortgage vendor news